Top 10 Most Expensive States for Long-Term Care: 2013

Will you or one of your clients be one of the 70% of people over 65 who will need long-term care? Genworths annual study on the cost of LTC indicates that if you are, you will be paying more for it this year.

By Marlene Y. Satter|May 13, 2013 at 11:15 AM

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Genworth Financial’s annual study on the cost of LTC takes a look at the escalating costs of LTC of various types throughout the country, and this year draws on 10 years of data.

The 2013 Cost of Care Survey, conducted by CareScout, includes nearly 15,000 LTC providers from all 50 states and Washington, D.C., divided into 437 regions across the country. Also available at Genworth’s website are a mobile app and an interactive map that provide access to the data from wherever you happen to be (hopefully not already in a nursing home).

Only a lucky 30% of the population is estimated not to need long-term care after age 65, so those who think they’ll be in the majority should keep an eye on costs, since they vary substantially by location. While there are no bargains among these 10 states, you can check out the 10 cheapest states for LTC.

We’ve averaged costs for the four categories of adult day care, licensed home care, assisted living and nursing home private rooms. (Last year we excluded adult day care from the averages because the figures varied widely enough from state to state to skew the results. This year, other categories exhibited widely varying figures as well, so adult day care has been included in our calculations.)

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